Money Laundering refers to the procedures of making money obtained by the means of illegal activities appear “legitimate”. Money laundering activities profess immense risk to organisations. in terms of compliance, risk and governance activities. Anti-Money Laundering (AML) helps in effective risk management to identify customer and third-party risk covering every line of business and operations in the BFSI sector.
Testhouse’s Anti Money Laundering solutions uniquely combine our knowledge of the AML environment and our expertise in regulatory procedures. By using our solutions, BFSI institutions can achieve a higher level of AML compliance and institute effective and efficient approaches in risk analysis and control mechanisms. This will enable them to proactively mitigate risks and ensure regulatory compliance.
Testhouse's Anti-Money Laundering solutions offer mitigation of risk through a series of steps that start from the on-boarding of the banking customer. Our solutions will help clients to:
Key points considered while performing AML testing:
Anti-Money Laundering Solutions are Imperative to Mitigate Risks and Ensure Compliance
Testhouse can help banks and financial institutions mitigate risk and ensure regulatory compliance by providing them with high-quality Anti-Money Laundering solutions based upon principles laid out by regulatory bodies.
Testhouse can provide you testing services to ensure changing regulatory norms are not the challenge they pose but instead ensure customer delight with minimal disruptions to organisational operations.
Ensure top-notch user experience for your customers with our testing and Quality Assurance services of all digital banking services: Internet banking, Mobile banking, e-wallets/Digital wallets, IVR, OTP etc.
Testhouse has a dedicated and highly specialised unit with expertise in providing Islamic banking quality assurance services. The team is well-versed in Islamic banking methodologies and terminologies.